Income StatementBalance SheetCash FlowSegments
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Adobe Cash Flow Statement

Operating, investing, and financing cash movements

Adobe generated $10.5B in operating cash flow over the trailing twelve months. After $190.0M in capital expenditures, free cash flow was $10.3B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$10.5BNet Cash From Investing (TTM)-$229.0MNet Cash From Financing (TTM)-$10.8BCapital Expenditures (TTM)$190.0MDepreciation And Amortization Cf (TTM)$775.0MNet Change In Cash (TTM)$2.2B
Latest FilingQ1 2026
Report Date2026-03-25
Market Cap$98.9B
P/E Ratio13.73
ROE58.77%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Change in accounts payable$42.0M-$28.0M$35.0M-$30.0M$87.0M$3.0M
Change in accrued liabilities$358.0M-$378.0M$286.0M-$103.0M$375.0M-$450.0M
Change in deferred revenue$353.0M$231.0M—$200.0M$496.0M$340.0M
Change in income taxes payable/receivable—$365.0M-$426.0M—-$34.0M$371.0M
Change in other assets—$156.0M$65.0M——$240.0M
Other working capital changes-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Change in receivables—-$97.0M-$237.0M$359.0M$250.0M-$252.0M
Deferred income taxes-$127.0M-$169.0M-$119.0M-$103.0M-$121.0M$64.0M
Depreciation and amortization$218.0M$217.0M$209.0M$208.0M$184.0M$174.0M
Other Non-Cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Net cash from operating activities$2.9B$2.5B$2.2B$2.2B$3.2B$3.0B
Net income$1.7B$1.8B$1.7B$1.8B$1.9B$1.9B
Other non-cash income (expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Deferred revenue$353.0M$231.0M—$200.0M$496.0M$340.0M
Increase (Decrease) in Prepaid Expense and Other Assets—$156.0M$65.0M——$240.0M
Lease impairment charges$19.5M$0.0$0.0$0.0$0.0—
Other Noncash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-cash Income and Expense-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-Cash Adjustments-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-Cash Income and Expense-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Stock-based compensation$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$48.0M$26.0M$47.0M$72.0M$34.0M$37.0M
Payment for (Proceeds from) Other Investing Activity-$500.0K-$2.0M———-$1.0M
Payments to Acquire Long-Term Investments—$59.0M$136.0M$21.0M—$104.0M
Payments to Acquire Short-Term Investments$59.0M$533.0M$209.0M$609.0M$683.0M$306.0M
Proceeds from maturities of short-term investments—$132.0M———$920.0M
Net cash from investing activities$19.0M-$484.0M-$278.0M-$279.0M-$146.0M$474.0M
Other investing activities-$500.0K-$2.0M———-$1.0M
Proceeds from maturities/sales of investments$2.0M$132.0M—$1.0M$2.0M$920.0M
Purchases of investments$59.0M$533.0M$209.0M$609.0M$683.0M$306.0M
Purchases of other investments—$59.0M$136.0M$21.0M—$104.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$2.0B———$0.0
Repayments of debt$0.0$1.5B———$0.0
Other, net$151.0M-$25.0M-$176.0M——-$27.0M
Payment of Deferred Purchase Consideration$151.0M-$25.0M-$176.0M——-$27.0M
Noncontrolling interest transactions and other$151.0M-$25.0M-$176.0M——-$27.0M
Net cash from financing activities-$2.5B-$2.8B-$3.8B-$1.9B-$2.6B-$2.5B
Other financing activities$151.0M-$25.0M-$176.0M——-$27.0M
Noncontrolling Interests Activity and Other$151.0M-$25.0M-$176.0M——-$27.0M
Proceeds from issuance of common stock—$96.0M—$252.0M—$84.0M
Repurchases of common stock$2.5B$3.3B$3.5B$2.1B$2.5B$2.5B
Taxes paid for net share settlement$169.3M$159.0M———$123.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.9B$2.5B$2.1B$2.1B$3.1B$2.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$19.0M-$12.0M$48.0M$8.0M—$13.0M
Net increase (decrease) in cash$420.0M-$855.0M-$1.8B——$901.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Interest paid$49.0M$48.0M$67.0M$81.0M$50.0M$79.0M
Income Taxes Paid, Net$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M